Asset finance – Business finance - Royal Bank

Asset finance could be the answer. We work with Lombard – the market leader in asset finance – to offer finance to acquire assets key to your business. We can also release cash tied up in existing assets, provide financing options which will enable you to claim Annual Investment Allowances so that you may recoup part of your investment in eligible assets through tax savings.

Security may be required. Product fees may apply. 

Asset finance explained

The following financing options are available through Lombard:
Operating leases

An operating lease is effective for high-value specialist equipment or assets which support a specific contract or seasonal trend – for example, an extra printing press, or refrigeration units for the summer.

Because your rental payments are based on the value of the asset over the period you need it, you can link rentals directly to the revenue it generates.
Contract hire

Contract hire is a type of operating lease that’s usually used to finance cars and vans for your business.

A contract hire lease lets you source, finance, manage, and dispose of your asset using one single agreement – saving you time and money on administration. You can even include maintenance in your agreement. Contract hire is provided by ALD Automotive Limited.
Hire purchase (lease purchase)

A hire purchase agreement lets you take ultimate ownership of your asset by making regular rental payments. You have an option to buy your asset at the end of the agreement. Alternatively, you can return the asset to Lombard.

You can also reduce your monthly payments by agreeing to pay a final lump sum (also known as a balloon payment).
Finance lease

Finance leasing lets you rent an asset rather than buy it outright, so you have all the practical benefits of ownership – without any of the hassle.

At the end of this commercial leasing agreement, the relevant assets are sold.

Asset finance is provided by Lombard North Central PLC.

Registered in England No.337004.

Registered Office: 135 Bishopsgate, London, EC2M 3UR 

Annual Investment Allowance

What is the Annual Investment Allowance and why is it so important?

The Annual Investment Allowance (AIA) is a Government incentive and a type of capital allowance. It offers a 100% allowance on qualifying capital expenditure in the year of purchase.

In 2012 the Chancellor used the 2012 Autumn Statement as an opportunity to declare that there would be a temporary increase in the Annual Investment Allowance from £25,000 to £250,000. Lombard has developed an AIA calculator to help businesses understand how they may benefit from this increase.

The Chancellor's decision to temporarily increase the Annual Investment allowance offers an opportunity, not only for businesses to go ahead with investment decisions, but to stimulate growth in the wider economy, benefiting the UK as a whole.

Click here to find out how the AIA can help your business, and how much money you may be able to save.

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0800 502 402

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18001 0800 502 402

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(excl. public holidays)
Calls may be recorded.

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